EURUSD in a potential Pullback Continuation Scenario

15 Agu

After breaking out of the consolidation zone, the market is now approaching the next significant resistance level. EURUSD has closed above the critical level of 1.1000 on the daily timeframe, and the market is currently pulling back to this level. With high-impact news on the horizon, we can anticipate an increase in market volatility today. Given the prevailing bullish trend, the market can experience a rejection in the form of a long-tailed bar below this psychological level before continuing the upward movement. The goal is the resistance level at 1.10715

19 Agu

Trading ditutup: target tercapai

The price moved exactly as expected :)